Life360 (NASDAQ:LIF) Price Target Cut to $48.00 by Analysts at Stifel Nicolaus

Life360 (NASDAQ:LIF) had its price target lowered by research analysts at Stifel Nicolaus from $52.00 to $48.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 20.15% from the company’s current price.

Separately, UBS Group upgraded shares of Life360 from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $55.00 in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $47.38.

Life360 Stock Performance

LIF stock opened at $39.95 on Wednesday. Life360 has a one year low of $26.00 and a one year high of $52.77. The company has a fifty day moving average of $39.52 and a 200-day moving average of $42.69.

Life360 (NASDAQ:LIF) last released its earnings results on Thursday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). The business had revenue of $115.53 million for the quarter, compared to analyst estimates of $114.39 million. Life360 had a negative return on equity of 4.03% and a negative net margin of 4.72%. As a group, equities analysts anticipate that Life360 will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Life360 news, CFO Russell John Burke sold 3,104 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $34.39, for a total transaction of $106,746.56. Following the transaction, the chief financial officer now owns 208,395 shares of the company’s stock, valued at $7,166,704.05. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Lauren Antonoff sold 14,091 shares of Life360 stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $42.17, for a total value of $594,217.47. Following the completion of the sale, the chief operating officer now directly owns 293,769 shares of the company’s stock, valued at approximately $12,388,238.73. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,210 shares of company stock valued at $6,884,086.

Institutional Investors Weigh In On Life360

Several hedge funds have recently modified their holdings of LIF. New York State Common Retirement Fund purchased a new stake in shares of Life360 during the 4th quarter valued at $25,000. Summit Investment Advisors Inc. grew its position in Life360 by 82.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,072 shares of the company’s stock valued at $44,000 after acquiring an additional 484 shares during the period. GAMMA Investing LLC raised its holdings in shares of Life360 by 2,938.9% in the 1st quarter. GAMMA Investing LLC now owns 2,188 shares of the company’s stock worth $84,000 after purchasing an additional 2,116 shares during the period. KBC Group NV purchased a new position in shares of Life360 in the 4th quarter worth about $147,000. Finally, Deutsche Bank AG grew its holdings in shares of Life360 by 3,952.9% during the 4th quarter. Deutsche Bank AG now owns 4,134 shares of the company’s stock worth $171,000 after purchasing an additional 4,032 shares during the period. 20.00% of the stock is owned by institutional investors and hedge funds.

About Life360

Life360 Inc is a family connection and safety company. Its business category includes mobile app and Tile tracking devices with a range of services, including location sharing, safe driver reports and crash detection with emergency dispatch. Life360 Inc is based in SAN FRANCISCO.